Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stock Holdings Decreased by Banco Santander S.A.

Banco Santander S.A. reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,380 shares of the technology company’s stock after selling 1,300 shares during the period. Banco Santander S.A.’s holdings in Check Point Software Technologies were worth $818,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CHKP. QRG Capital Management Inc. increased its position in shares of Check Point Software Technologies by 13.6% in the third quarter. QRG Capital Management Inc. now owns 1,786 shares of the technology company’s stock worth $344,000 after acquiring an additional 214 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Check Point Software Technologies in the third quarter worth approximately $1,599,000. Equitable Trust Co. purchased a new position in shares of Check Point Software Technologies in the third quarter worth approximately $237,000. Assetmark Inc. increased its position in shares of Check Point Software Technologies by 93.4% in the third quarter. Assetmark Inc. now owns 97,778 shares of the technology company’s stock worth $18,853,000 after acquiring an additional 47,218 shares in the last quarter. Finally, Arrow Financial Corp increased its position in shares of Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Stifel Nicolaus boosted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Mizuho boosted their price objective on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Truist Financial reaffirmed a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Seventeen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $224.86.

Check Point Software Technologies Trading Up 3.0 %

Shares of Check Point Software Technologies stock opened at $230.20 on Monday. The firm has a fifty day simple moving average of $204.80 and a 200-day simple moving average of $194.73. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $230.65. The stock has a market capitalization of $25.32 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.